International remote work has democratised opportunities for people to gain employment without being uprooted, as businesses look to tap into a reservoir of young - and cheap - global talent.
Among the first steps will be strengthening public finance structures to guard against risks, says Turkey’s President Erdogan.
US President Joe Biden is signing two executive orders that will increase food aid, protect job seekers on unemployment and clear a path for federal workers and contractors to get a $15 hourly minimum wage.
Turkey has begun a fresh era of reforms in the economy and judiciary, President Recep Tayyip Erdogan says.
The Department for Work and Pensions said the Job Entry Targeted Support (JETS) scheme will help those left jobless due to the Covid-19 pandemic to get back into work.
Latest claims are down from a peak of nearly seven million in March, and it marked an 11th straight weekly drop, Labor Department says.
Surveys have also shown consumer confidence, manufacturing and services industries stabilising albeit at low levels in May, indicating the downturn triggered by Covid-19 pandemic was bottoming.
Over 2.4 million people filed for unemployment last week in the latest wave of layoffs from the business shutdowns that have brought the economy to its knees.
The unemployment rate is forecast to reach 16 percent, the highest rate since the Great Depression, and economists estimate that 21 million jobs were lost last month.
The grim figures point to an economy that is tumbling into what appears to be a calamitous recession, the worst in decades as it struggles to deal with the global pandemic.
While unemployment in Egypt sits at 11.3 percent, the rate is higher for young people, with a 78 percent unemployment rate for women. Also, 28 percent of Egyptians are living under the poverty line.
The layoffs will amount to some eight percent of the Danish company's workforce and comes off the back of a five percent fall in revenues.
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